Elevation Point Wealth Partners LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,934 shares of the software maker's stock, valued at approximately $1,027,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in shares of Intuit during the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit in the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. bought a new position in Intuit in the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. bought a new position in Intuit in the 4th quarter worth $33,000. Finally, Sankala Group LLC bought a new stake in Intuit during the fourth quarter valued at about $40,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
Intuit Price Performance
INTU stock opened at $369.92 on Tuesday. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The company's fifty day moving average price is $300.85 and its 200-day moving average price is $358.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $101.19 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97.
Insider Activity at Intuit
In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company's stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by corporate insiders.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Analysts expect fiscal fourth-quarter revenue and earnings-per-share growth, with consensus EPS near $3.58–$3.59, compared with $2.75 a year earlier. Strength in QuickBooks, Credit Karma and AI-related offerings could support the stock if Intuit meets or exceeds expectations. Intuit to Report Q4 Earnings: What Should Investors Do?
- Positive Sentiment: Some commentary describes INTU as potentially undervalued after its steep one-year decline. Bulls argue that new conversational-AI capabilities and the company’s recurring software ecosystem could help restore revenue and profit growth. Intuit Stock Could Be A Bargain After A 44% Fall
- Neutral Sentiment: The options market is pricing a roughly 9% potential post-earnings move, indicating unusually high near-term volatility. The market’s reaction is likely to depend more on forward guidance and AI adoption trends than on the quarterly numbers alone. Intuit Options Market Prices a 9% Swing Ahead of Earnings
- Negative Sentiment: Jefferies lowered its price target to $500 from $550, warning that the earnings bar may still be difficult to clear despite reduced expectations. Concerns include slowing TurboTax momentum and the possibility that generative AI could weaken Intuit’s competitive advantage. Jefferies Cuts Intuit Price Target
- Negative Sentiment: Multiple law firms promoted a securities class action and a September 8 lead-plaintiff deadline. The allegations focus on whether Intuit overstated AI-driven growth and the strength of its tax-related business. These are allegations, not proven findings, but the litigation creates an additional overhang for investors. Rosen Intuit Securities Class Action Deadline
Wall Street Analyst Weigh In
INTU has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. BMO Capital Markets reduced their target price on shares of Intuit from $550.00 to $412.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Northcoast Research decreased their target price on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Oppenheimer dropped their price target on shares of Intuit from $558.00 to $406.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. Finally, Evercore restated an "outperform" rating on shares of Intuit in a research report on Tuesday, August 18th. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $449.65.
Check Out Our Latest Stock Analysis on INTU
Intuit Profile
(
Free Report)
Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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